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Milestone Apartments REIT Announces March 2014 Distribution

TORONTO / DALLAS , March 14, 2014 /CNW/ - Milestone Apartments REIT (MST-UN.TO) today announced a cash distribution of C$0.05417 per REIT unit
for the month of March, representing C$0.65 per REIT unit on an
annualized basis. Payment will be made on April 15, 2014 to unitholders
of record as of March 31, 2014 .

About Milestone Apartments REIT
Milestone Apartments REIT is an unincorporated, open-ended real estate
investment trust that is governed under the laws of Ontario . The REIT's
portfolio consists of 54 multifamily garden-style residential
properties, comprising 17,648 units that are located in 11 major
metropolitan markets throughout the Southeast and Southwest United
States . Milestone Apartments REIT is the largest REIT listed on the TSX
focused solely on the U.S. multifamily sector. The REIT operates its
portfolio through its internal property management company, Milestone
Management, with more than 900 employees across the U.S. Based in
Dallas, TX , TMG Partners, L.P., an affiliate of The Milestone Group, is
the external asset manager of the REIT. For more information, please
visit www.milestonereit.com.

About The Milestone Group
The Milestone Group is a privately-held real estate investment
management company with approximately US$2.5 billion of assets under
management. The firm has corporate offices in Dallas, TX and New York,
NY with regional acquisition and management offices across the United
States . Founded in 2004, The Milestone Group has a strong track record
of investing in the U.S. multifamily sector, including completion of
more than US$4.5 billion in multifamily transactions. For more
information, please visit www.milestonegp.com.